As Discussed in Last AnalysisBulls now need to close above 28900 for a move back to 29030/29180/29300/29515. Bears will get active below 28770 for a move back to 28621/28500/28225. All Bearish target done below 28770. Now Bulls need to move above 28370 for a move back to 28500/28666/28800. Bears will get active below 28150 for a move back to 28000/27750/27500.
Bank Nifty Nov Future Open Interest Volume is at 18.1 lakh with liquidation of 0.78 Lakh, with increase in Cost of Carry suggesting short positions were closed today. Bank nifty Rollover cost @24264 closed above it.
29000 CE is having highest OI @4 Lakh resistance at 29000 followed 29200.27000-29000 CE added 4.1 Lakh in OI so bears added position in the zone of 28800-29000
28000 PE is having highest OI @4.1 Lakh, strong support at 28000 followed by 27800.27000-28000 PE added 12 Lakh OI so bulls making support in the range of 28000-28300.